Golden Entertainment Inc (GDEN)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,079,910 | 1,101,580 | 1,181,220 | 1,501,930 | 1,513,070 | 1,544,660 | 1,494,250 | 1,499,880 | 1,508,670 | 1,547,670 | 1,546,850 | 1,604,140 | 1,615,560 | 1,644,270 | 1,664,700 | 1,615,190 | 1,570,950 | 1,608,930 | 1,623,940 | 1,902,270 |
| Total stockholders’ equity | US$ in thousands | 474,227 | 513,132 | 539,032 | 569,622 | 537,733 | 545,584 | 368,044 | 352,473 | 352,920 | 352,202 | 335,028 | 333,258 | 319,541 | 305,419 | 276,687 | 171,213 | 161,262 | 178,574 | 182,040 | 258,851 |
| Financial leverage ratio | 2.28 | 2.15 | 2.19 | 2.64 | 2.81 | 2.83 | 4.06 | 4.26 | 4.27 | 4.39 | 4.62 | 4.81 | 5.06 | 5.38 | 6.02 | 9.43 | 9.74 | 9.01 | 8.92 | 7.35 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,079,910K ÷ $474,227K
= 2.28
The financial leverage ratio of Golden Entertainment Inc has shown a decreasing trend from 7.35 at March 31, 2020 to 2.28 at December 31, 2024. This indicates a reduction in the company's reliance on debt to finance its operations and investments over the period under consideration. Lower financial leverage ratios generally reflect a stronger financial position and lower risk of default, as it suggests that the company has been using less debt relative to its equity to fund its activities. Golden Entertainment Inc's decreasing financial leverage ratio could be a result of efforts to deleverage its balance sheet, improve its liquidity position, or optimize its capital structure. Overall, the declining trend in the financial leverage ratio may indicate improved financial stability and risk management for Golden Entertainment Inc.
Peer comparison
Dec 31, 2024